Arab Today, arab today wall street rises
Last Updated : GMT 16:55:26
Arab Today, arab today
Arab Today, arab today

Wall Street rises

Arab Today, arab today

Arab Today, arab today Wall Street rises

New York - XINHUA

U.S. stocks snapped a two-day losing streak Wednesday as a better-than-expected quarterly earnings report from Alcoa, one of the world\'s largest aluminum makers that is listed at the New York Stock Exchange, pointed to a better outlook for world demand. The Dow Jones Industrial Average gained 61.66 points, or 0.46 percent, to 13,390.51. The Standard & Poor\'s 500-stock Index added 3.87 points, or 0.27 percent, to 1,461.02. The Nasdaq Composite Index was up 14 points, or 0.45 percent, to 3,105.81. The market was subdued in the previous two sessions by a pessimistic mood before the new corporate earnings report season started Tuesday, when Alcoa, the world\'s third-largest aluminum producer, took the lead in releasing its fourth quarterly earnings report at the closing bell of the NYSE. Alcoa said in the Tuesday\'s report that its fourth-quarter net income was 242 million U.S. dollars, or 0.21 dollar per share, while revenue was 5.9 billion dollars, better than the 5.6-billion- dollar market expectations. The leading aluminum maker also expects that the global demand for the metal will continue to grow this year, saying that China demand is coming back and the North American building industry is showing potential. Alcoa is considered to have begun the new corporate earnings report season with a positive tone. As it supplies numerous key industries, investors can get clues about economic prospects through studying the results of the company. Shares of the U.S. aluminum giant inched down 0.11 percent, after moving a bit higher in Tuesday\'s after-hours trading. Apollo Group slid 7.74 percent, a day after the commercial education company reported quarterly profits and revenue that beat market estimates but provided a full-year revenue outlook below forecasts. Shares of Boeing rallied 3.52 percent, as the company on Wednesday said it had \"extreme confidence\" in the innovative design and technology used in its 787 Dreamliner jet, responding to its three incidents in three days. Investors were still awaiting to see results from more major companies, striving to get a better picture of how corporate America fared in the fragile global economy.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wall street rises Arab Today, arab today wall street rises

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people

GMT 20:25 2017 Wednesday ,29 March

Bahrain Stock Index Drops 5.15 Points

GMT 20:19 2017 Wednesday ,29 March

US Stocks Rise on Consumer Data and Higher Oil Prices

GMT 17:51 2017 Wednesday ,29 March

Qatar Stock Index Gains 15.68 Points

GMT 12:54 2017 Wednesday ,29 March

Qatar Stock Index Gains 33.28 Points

GMT 12:08 2017 Wednesday ,29 March

Bahrain Bourse daily trading report

GMT 12:01 2017 Wednesday ,29 March

Bahrain Bourse holds 2016-2017 TradeQuest ceremony

GMT 10:52 2017 Wednesday ,29 March

Bahrain Bourse daily trading report
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Singer Rowida Attiya will issue a new song

GMT 07:38 2017 Tuesday ,28 March

Singer Rowida Attiya will issue a new song
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday